By Dean Seal

 

Shares of Tesla are on track for their longest multi-day winning streak on record after the electric vehicle maker struck a major deal with General Motors, lifting the stocks of other players in the EV industry.

Tesla stock is up 1.1% at $247.15 in midday trading. If they close up Monday, shares will have climbed for 12 straight days, their longest streak since the company went public in 2010.

Shares have doubled since the start of the year. The latest rally accelerated last week after General Motors said its future EVs would use the same charging hardware as Tesla.

Investors are showing other industry heavyweights some love as well.

Shares of Plug Power, the Latham, N.Y.-based maker of hydrogen and fuel-cell systems, are up 11% at $10.18 in midday trading.

Shares of Microvast, a lithium-ion battery company, have jumped 5% so far to $1.47.

Chinese EV maker XPeng's American depositary shares were up 13.2% at $10.05 in midday trading.

Nio, another China-based Tesla rival, saw its shares up 8.8% at $8.41 by midday Monday.

Shares of ChargePoint Holdings, an EV charging company, are up 4.3% at $8.70 in the midday trading session.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

June 12, 2023 14:01 ET (18:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Microvast (NASDAQ:MVST)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Microvast 차트를 더 보려면 여기를 클릭.
Microvast (NASDAQ:MVST)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Microvast 차트를 더 보려면 여기를 클릭.